Cleveland Clinic adds another partner to its Innovation Alliance

The Cleveland Clinic has added another partner to its growing Innovation Alliance — a collaborative effort designed to lead to the commercialization of medical technologies.
Its newest partner, the Innovation Institute, is a newly launched for-profit company based in Orange County, Calif., owned by a group of nonprofit health systems. The institute's founding member, St. Joseph Health, is a $5 billion Catholic health system that operates in California, west Texas and eastern New Mexico.
St. Joseph Health, through the Innovation Institute, is the seventh partner to join the Clinic's Innovation Alliance program. Other members include North Shore-LIJ Health System, which operates the Feinstein Institute for Medical Research in Manhasset, N.Y., as well as MedStar Health, the mid-Atlantic's largest health care system. Other partners include Ohio State University and the University of Notre Dame.
“The Healthcare Innovation Alliance allows health systems to leverage the experience of its fellow members to speed up the process of developing patient-centered technologies,” said Chris Coburn, executive director of Cleveland Clinic Innovations, in a news release.
“The addition of the Innovation Institute will give Cleveland Clinic Innovations and our Alliance members the opportunity to foster meaningful growth on the West Coast and with Catholic health systems,” Mr. Coburn said.
Over the last 12 years, Cleveland Clinic Innovations, the health system's business development arm, has filed more than 400 active licenses and launched 55 startups.